Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) Shares Cross Below 200 Day Moving Average – Time to Sell?

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.82 and traded as low as $26.70. Magyar Telekom Tavkozlesi Nyrt shares last traded at $26.70, with a volume of 689 shares traded.

Magyar Telekom Tavkozlesi Nyrt Trading Up 1.6%

The stock’s 50 day simple moving average is $26.76 and its two-hundred day simple moving average is $26.84. The stock has a market capitalization of $5.22 billion, a PE ratio of 8.81 and a beta of 0.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.45 and a quick ratio of 1.36.

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) last issued its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.92 earnings per share (EPS) for the quarter. Magyar Telekom Tavkozlesi Nyrt had a net margin of 20.65% and a return on equity of 22.59%. The company had revenue of $717.65 million during the quarter.

Magyar Telekom Tavkozlesi Nyrt Company Profile

Magyar Telekom Távközlési Nyrt. is Hungary’s leading integrated telecommunications service provider and a member of the Deutsche Telekom Group. The company offers a full suite of fixed-line and mobile voice communication services alongside broadband internet access and digital television solutions. Through its extensive network infrastructure, Magyar Telekom delivers reliable connectivity to both residential and corporate customers across Hungary.

In the mobile segment, Magyar Telekom provides services under the T-Mobile brand, covering voice, data and messaging services supported by 4G LTE and an expanding 5G network.